Lower demand from consumers already supplied for the medium and long term pushed down soybean meal and oil prices in early November, narrowing crushers’ margins. Weak demand for the coproducts also weighed on soybean prices, although weather concerns across Brazilian growing regions limited the declines.
Weaker meal and oil demand reduces crushers’ returns and can curb their willingness to bid for soybeans, pressuring the soybean complex. Weather risks in Brazil provide some support to soybean prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.